realtor scott garrison: Orlando Area Residential Real Estate Snapshot for November 2024 - 11/25/24 11:15 AM
Market Pulse
          Inventory for November was recorded at 11,357, marking a 1.8% decrease from October’s 11,560. This ends a nine-month streak of increasing inventory. However, inventory in November 2024 is still 45.4% higher than it was in November 2023.
          November’s interest rate rose to 6.4%, up from 5.9% in October.
          The median home price for November increased to $388,990, compared to $380,000 in October.
          Homes spent an average of 60 days on the market (DOM) in November, slightly up from 58 days in October.
    … (3 comments)

realtor scott garrison: Here’s the Orlando & Central Florida Real Estate Market and Interest Rate Update (November) from Top Orlando Realtor Scott Garrison... - 11/18/24 10:47 AM
CURRENT INTEREST RATES BEING REPORTED ACROSS THE NATION:
Mortgage News Daily: 30 Year 7.02% 15 Year 56.37%   Mortgage Bankers Association: 30 Year 6.86% 15 Year 6.21%   Freddie Mac Reports: 30 Year 6.78% 15 Year 5.99%  
To find out what today's INTEREST RATES are here in Central Florida
>>>>>  CLICK HERE
To find out about the State of Orlando's Real Estate Market, check our YouTube playlist >>>>> CLICK HERE
CALL US for a personal Referral to one of my expert Mortgage Broker Partners who can answer All your Mortgage Questions…at no cost or Obligation! We want to help!
These are rates directly from these entity's … (3 comments)

realtor scott garrison: ORLANDO and Central Florida One of the FASTEST GROWING AREAS in the Entire Country! - 11/11/24 10:51 AM
      The Science is IN… and it shows our own CENTRAL FLORIDA and ORLANDO-AREA to be one of the most sought-after places to Live in the entire Country!  
      The United States is arguably the best place to live in the World… so our ORLANDO-AREA can be seen as one of the most-desired places to Move to on the ENTIRE PLANET!
      Our Own ORLANDO here in Central Florida ranked No. 17 in the U.S. News and World Report’s list of fastest-growing cities. Other cities among the top 25 include Tampa, Lakeland, Ocala and Daytona Beach!
      The list uses the U.S. Census … (0 comments)

realtor scott garrison: Central Florida is one of the TOP FIVE places people want to live in the entire USA! - 11/04/24 11:38 PM
     Five of the ten most-wanted places to live in the whole country are in Florida...With Orlando and Tampa, two cities in central Florida, coming in at #4 and #5, how great is that?
 
Top 10 Metro Areas to Move to in the Whole Country: 
     How popular a place is is based on its net inflow, or how many more people tried to move into it than leave it. 
Miami: Net inflow of $8,600; New York place is the top origin place. Phoenix: Net inflow of $7,600; Seattle is the top starting city. Las Vegas: Net inflow of $6,600; Los … (2 comments)

realtor scott garrison: Here’s the Orlando & Central Florida Real Estate Market and Interest Rate Update (October) from Realtor Scott Garrison... - 10/28/24 03:20 PM
CURRENT INTEREST RATES BEING REPORTED ACROSS THE NATION:
Mortgage News Daily: 30 Year 6.68% 15 Year 5.09%   Mortgage Bankers Association: 30 Year 6.52% 15 Year 5.94%   Freddie Mac Reports: 30 Year 6.44% 15 Year 5.63%  
To find out what today's INTEREST RATES are here in Central Florida
>>>>>  CLICK HERE
To find out about the State of Orlando's Real Estate Market, check our YouTube playlist >>>>> CLICK HERE
CALL US for a personal Referral to one of my expert Mortgage Broker Partners who can answer All your Mortgage Questions…at no cost or Obligation! We want to help!
These are rates directly from these entity's … (1 comments)

realtor scott garrison: Orlando Area Residential Real Estate Snapshot for October 2024 - 10/21/24 02:53 PM
Market Pulse
          Inventory for October reached 11,560 homes, a slight 0.4% increase from September’s 11,511. This marks the ninth consecutive month of rising inventory. The last time inventory was this high was back in October 2015. Compared to October 2023, inventory has surged by 71.1%.
          Interest rates dropped to 5.9% in October, down from 6.1% in September. This is the lowest rate we’ve seen since August 2022, offering a bit of relief for buyers.
          Homes spent an average of 58 days on the market in October, just a little … (0 comments)

realtor scott garrison: In terms of all-cash purchases of real estate, Central Florida is the most successful region in the entire country! - 10/14/24 09:37 AM
       Over one-third of all house purchases made in the United States during the previous month were made with cash and no mortgage, according to Redfin, which is close to the record high. Purchases made entirely with cash in Florida witnessed significant growth over the previous year.
       The impact that investors are having on the housing market in the state of Florida may be highlighted by the fact that our own Central Florida and Orlando-Area regions were able to top the nation in all-cash property purchases.
       According to the findings of a recent study conducted … (0 comments)

realtor scott garrison: Central Florida real estate values are skyrocketing, and there is a critical shortage of homes to buy in the Orlando area! - 10/07/24 10:27 AM
       Central Florida real estate prices are skyrocketing—after all, the Orlando region is among the most sought-after relocation destinations in the United States, if not the world. This makes it harder and harder to BUY A HOME IN ORLANDO. Nevertheless, the reality is that prices in Central Florida will never, ever truly decrease. 
        Owning a home or rental property in Florida is currently the most affordable option ever, with loan rates as low as 8% in the Orlando area. Recent research indicates that middle-class families' ability to purchase a home is now limited to half of what … (2 comments)

realtor scott garrison: A study found that renters would be happier if they owned their own homes. - 09/30/24 02:28 PM
       In a new study, almost 70% of renters said they would be happy if they owned their own home, but 60% said it was out of their price range. On the other hand, 90% of homeowners say they are happy now that they have a home.
           When asked to name the biggest benefit of owning a home, owners most often said privacy (14%), while renters most often said security (16%).
           Homeowners are happier than renters in every way, from overall quality of life to mental health, according to a new study from Clever Real Estate's Home Bay. Home … (1 comments)

realtor scott garrison: Orlando Area Residential Real Estate Snapshot for September 2024 - 09/23/24 11:50 AM
Market Pulse
           In September, the interest rate dropped to 6.1%, down from 6.6% in August, marking the lowest rates we've seen since September 2022.
         Homes in September stayed on the market for an average of 57 days, slightly longer than the 55 days in August. A year ago, in September 2023, homes were moving faster, spending an average of just 41 days on the market.
         Inventory continues to rise, reaching 11,511 homes in September, up 3.2% from 11,158 in August. This is the eighth consecutive month of rising inventory, a level … (1 comments)

realtor scott garrison: Here’s the Orlando & Central Florida Real Estate Market and Interest Rate Update (September) from Top Orlando Realtor Scott Garrison... - 09/16/24 09:02 PM
CURRENT INTEREST RATES BEING REPORTED ACROSS THE NATION:
Mortgage News Daily: 30 Year 6.15% 15 Year 5.67%   Mortgage Bankers Association: 30 Year 6.29% 15 Year 5.71%   Freddie Mac Reports: 30 Year 6.20% 15 Year 5.27%  
To find out what today's INTEREST RATES are here in Central Florida
>>>>>  CLICK HERE
To find out about the State of Orlando's Real Estate Market, check our YouTube playlist >>>>> CLICK HERE
CALL US for a personal Referral to one of my expert Mortgage Broker Partners who can answer All your Mortgage Questions…at no cost or Obligation! We want to help!
These are rates directly from these entity's … (1 comments)

realtor scott garrison: Central Florida real estate values are skyrocketing, and there is a critical shortage of homes to buy in the Orlando area! - 09/09/24 09:04 AM
Central Florida real estate prices are skyrocketing—after all, the Orlando region is among the most sought-after relocation destinations in the United States, if not the world. 
This makes it harder and harder to BUY A HOME IN ORLANDO. Nevertheless, the reality is that prices in Central Florida will never, ever truly decrease. 
 Owning a home or rental property in Florida is currently the most affordable option ever, with loan rates as low as 8% in the Orlando area.
 Recent research indicates that middle-class families' ability to purchase a home is now limited to half of what it was three years ago.
 Families' median … (1 comments)

realtor scott garrison: Home prices in Florida are going through the roof ! - 09/03/24 10:32 AM
Are you still "waiting" to buy a house until prices drop?  They never really have, and they never will! 
The average Florida home's value doubled in six years.
Tampa and Miami tied for third place among big U.S. towns in terms of how quickly prices doubled.
Ten years ago, the average price of a home in the United States was twice what it is now. A new report from Point2 says that the average home price in the U.S. went from about $200,000 to $400,000. This was caused by a storm of inflation, low supply, and high demand.
However, in Florida, home prices went up … (1 comments)

realtor scott garrison: Here’s the Orlando & Central Florida Real Estate Market and Interest Rate Update from Top Orlando Realtor Scott Garrison... - 08/26/24 11:44 AM
CURRENT INTEREST RATES BEING REPORTED ACROSS THE NATION:
Mortgage News Daily: 30 Year 6.85% 15 Year 6.34%   Mortgage Bankers Association: 30 Year 7.00% 15 Year 6.63%   Freddie Mac Reports: 30 Year 6.89% 15 Year 6.17%  
To find out what today's INTEREST RATES are here in Central Florida
>>>>>  CLICK HERE
To find out about the State of Orlando's Real Estate Market, check our YouTube playlist >>>>> CLICK HERE
CALL US for a personal Referral to one of my expert Mortgage Broker Partners who can answer All your Mortgage Questions…at no cost or Obligation! We want to help!
These are rates directly from these entity's … (1 comments)

realtor scott garrison: Orlando Area Residential Real Estate Snapshot for August 2024 - 08/19/24 09:58 AM
Market Pulse
          In August, the interest rate dipped slightly to 6.6%, down from 6.7% in July.
          According to a new survey by the Orlando Regional REALTOR® Association (ORRA), 52% of Orlando REALTORS said that high interest rates are the biggest challenge for buyers right now, making some buyers hold off on purchasing or look for cheaper homes.
          The median home price in August was $390,000, a slight decrease from July's record high of $395,000. This drop reflects some of the price pressures buyers are facing, which was also the … (0 comments)

realtor scott garrison: The Best Place in Florida to Purchase a Rental Property is Orlando! and among the top five nationwide! - 08/12/24 09:30 AM
           According to Rent Cafe, Orlando, and the Central Florida Area are the BEST Places in Florida to Purchase and Own a Rental Home, ranking #5 nationally for rental properties.
          According to Rent Caf, the Florida metro regions of Orlando and Fort Lauderdale rank in the top 30 most desirable places in the US for rental properties.
          Rent Caf's evaluation of places to watch revealed that Orlando and Fort Lauderdale placed 5 and 26, respectively, for this year's rental activity.  RentCafe.com saw an 18% rise in web traffic for … (1 comments)

realtor scott garrison: A Study Shows the Best Time to Sell Your Home in Central Florida! - 08/05/24 10:07 AM
          A new study shows that home sellers get 13.1% more in May. The study also found that with a 16.2% seller premium, May 27 is the best day to sell a house.
          That's because May, February, and April have the highest seller premiums. That means these are the best months to sell your home, according to ATTOM's annual study of the best days of the year to sell a house.
          ATTOM, a company that analyses real estate data, said that data shows that the busiest time for buying … (2 comments)

realtor scott garrison: The Real Estate Market in the Orlando Area Has Reached the Highest Prices Ever Recorded! - 07/29/24 11:50 AM
         Do you need even more reason to purchase a house in Central Florida right now? Many people who are interested in purchasing a home are "waiting" for the prices of homes to decrease and are adamant that "now is not the time to buy a home" because "interest rates are too high." 
         Nevertheless, even though this opinion is widespread among people who do not own their own homes, the prices of homes in Central Florida have still hit the highest level ever recorded in this market. 
         Indeed, except for the global … (0 comments)

realtor scott garrison: Orlando Area Residential Real Estate Snapshot for July 2024 - 07/22/24 09:32 AM
Market Pulse
The median home price for July hit a record high of $395,000, up from $385,000 in June. This is the highest monthly median home price ever recorded in the Orlando area and marks the second time this year that the record has been broken.
In July, the number of homes available for sale increased to 10,796, which is a 5.0% rise from June’s 10,282. This marks the sixth consecutive month of rising inventory. The last time inventory was this high was back in November 2015.
However, overall sales took a dip, falling by 10.6% from June to July. There were 2,601 homes … (2 comments)

realtor scott garrison: Among the Top 5 Most Popular Places to Live in the United States is Central Florida! - 07/15/24 08:00 PM
      The state of Florida is home to five of the top five most desirable places to live in the entire country... even though our very own Central Florida Metros, Orlando and Tampa, came in at a strong fourth and fifth place!
 
A List of the Top 10 Move-To Metros in the Entire Country: 
      Net inflow is the metric that is used to measure popularity; it is the number of people who are looking to migrate into a region rather than depart.
 
Miami: with a net influx of 8,600, surpasses New York City as the city of origin. Phoenix: … (2 comments)